Exeter-based Heavitree Brewery is a pubs operator. It has exited its managed pubs business and all of its pubs are tenanted/leased. Heavitree was founded in 1790 and it became a limited company in 1890. Brewing ceased in 1970. Heavitree used to be quoted on the Unlisted Securities Market, which it joined on 17 December 1981. It has ordinary and A limited-voting shares and the quotation was transferred to Aim after the USM's closure.